Tile Smart Ltd

Tile Smart Ltd, based in Blackburn, UK, is a small, active company founded seven years ago in 2018. Employing just two people, the firm holds £172,880 in assets and operates from a real address. With two directors and two owners reported, it maintains a solid 4.0 Google rating from 35 reviews. The company primarily focuses on the retail sale of carpets, rugs, wall and floor coverings, and hardware, paints, and glass, and is an irregular importer of ceramic products, with two months of import activity recorded as of August 2023.

The company's website is minimal, suggesting a focus on in-person sales and local customers. There's no obvious e-commerce functionality, indicating a traditional retail model rather than a primarily online business. The focus seems to be on providing a personal service and building relationships with local customers.

Financially, Tile Smart Ltd presents a mixed picture. While cash reserves increased by 21% to £85,000, current assets decreased by 7.4% to £170,000. Liabilities also show a decline, with bank borrowings down 14% to £29,000. However, net assets remain negative at -£3,800, and retained earnings have fallen significantly. Creditors have also decreased by 14%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The company’s irregular import activity suggests a strategic approach to sourcing products, rather than a constant flow of goods. It’s possible that the company is responding to market demands or seeking out specific, high-quality items. Overall, Tile Smart Ltd appears to be navigating a challenging economic climate, relying on its local presence and careful financial management to stay afloat.

Registered in England/Wales under the registration number 11335414, with a registered address at BB1 6NN, England, Blackburn, 241 Whalley Range.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.